Penny Lancaster has revealed that Queen Elizabeth II will be bestowing Rod Stewart's knighthood upon him.

Penny Lancaster and Sir Rod Stewart

Penny Lancaster and Sir Rod Stewart

The 71-year-old singer's honour will be made official at Buckingham Palace in London on October 11 and the British monarch will be personally bestowing him with the title.

And the couple will be joined by their sons Alistair, 10, and Aiden, five, so they can see their dad become a knight at the royal residence.

During an appearance as a panellist on 'Loose Women' on Wednesday (13.09.16), she shared: "It's going to be so lovely and we can't wait for the big day and we're going to take our two little boys with us ... It's on the 11th of October and I believe it's going to be with Her Majesty. Prince Charles gave Rod his CBE, which is wonderful and he's our favourite.

Penny, 45, also revealed what Rod's official title will be when his knighthood is confirmed.

She said: "He is now Sir Roderick David Stewart CBE. Something less formal would be Sir Rod and Lady Stewart but we're just Rod and Penny."

The couple had to keep the news secret for three weeks and they used that time to plan parties to celebrate without telling any of the guests what the bashes were really for.

She said: "It happened around the time when we were celebrating our wedding anniversary so we fooled everybody, when everybody turned up and they were like, 'Oh, now we know!' We had one party in London and another in Los Angeles."